Tokyo/Moscow: It has surfaced that an increase in trade between Russia and Japan has occurred, given the sanctions imposed by the G7, a group of advanced countries in the world, and other western countries. In the first 11 months of 2022, trade between the two countries has reached a whopping $18 billion. It was revealed […]
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Washington: In the wake of the Russia-Ukraine conflict, there has been a huge addition in arms sales from the United States to NATO member countries. The leading magazine ‘Foreign Policy’ claimed that in 2022, the value of US defence deals with NATO countries would be more than double compared to 2021. The article in ‘Foreign […]
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New Delhi: – According to the World Steel Association, the demand for steel in India will increase by about 6.7% to 120 million tonnes in the next year. Increasing demand for steel means boosting production in various sectors of the country. Therefore, entrepreneurs and economists are welcoming the news saying that this is a welcome […]
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Washington/Beijing: The World Bank has said in its new report that against the backdrop of consistent Corona outbreaks and the strict Zero Covid Policy imposed against it, there has been an upheaval in China’s economy, which impacts the economic growth rate. According to a report, China’s economy will fall by 2.7% in 2022. Besides, the […]
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New Delhi/Beijing: Defence Minister Rajnath Singh informed the Parliament that Indian troops foiled an infiltration bid by the Chinese army in Arunachal Pradesh’s Tawang. Besides, saying the situation along the LAC is generally stable, China refrained from talking further about its military skirmish with the Indian army. Conversely, China’s official mouthpiece Global Times claimed that […]
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Washington/Moscow: ‘I don’t think anyone likes it. We don’t know how far it will go. Today, it’s Russia. But tomorrow, that can change, and it could be a global price cap. That would be extremely serious,’ warned Oman’s Minister of Fuel, Salim Al-Aufi. Oman is a leading country in OPEC, an organisation of fuel-producing countries, […]
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New Delhi: Russia surpassed Iraq and Saudi Arabia and became the largest fuel supplier of India for the second consecutive month. An organisation called Vortexa, which records fuel transport, gave this information. In October and November before March 31, 2022, India was buying only 0.2% of its oil demand from Russia, India’s largest oil supplier. […]
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Taipei: “In the past 27 years, the semiconductor sector has undergone many major global changes. Currently, the geopolitical situation of the world is changing rapidly. Globalization and free trade are dying. Many think these things will be restored, but there should be a sense that the situation will not return to normal,” warned Morris Chang, […]
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New Delhi: Due to the restrictions of the US and other western countries, obstacles stand before Russia in the manufacturing sector. In such a situation, there were reports that Russia had handed over a list of about 500 products to India and demanded to supply them. Regarding this, Indian External Affairs Minister S. Jaishankar clarified […]
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Brussels/Washington: Bernd Lang, head of the European Parliament for trade committee, warns of legal proceedings at the World Trade Organization (WTO) against the Inflation Reduction Act introduced by the US. He feels that nothing much would be achieved through mere negotiation. Ursula von der Leyen, the head of the EU, has criticised the US for […]
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